Source: Cointelegraph
Original: “Tether Co-Founder: The Dollar Faces Intensifying Competition for Stablecoin Dominance”
According to Tether co-founder Reeve Collins, while dollar-pegged stablecoins dominate the stablecoin and real-world asset (RWA) tokenization space, other competitors are emerging.
In an interview with Cointelegraph in Dubai, Collins stated that although dollar-backed stablecoins may currently hold a dominant position, other currencies and assets could compete to back stablecoins. He mentioned:
Collins indicated that these other assets used to support stablecoins might compete with the dollar by offering users higher yields.
Collins is committed to providing stablecoin yields to users through the Pi Protocol. He told Cointelegraph that, in addition to currencies, money market funds, other commodities, and gold could also support stablecoins in the future.
He noted, “For example, when you can use money market funds to back stablecoins, and these funds have yields higher than treasury bonds and other on-chain investments, it will generate significant returns. These will take precedence.”
Collins stated that these assets will “start to win” because they can provide users with higher returns. Additionally, he mentioned that the tokenization of real-world assets (RWA) could also play a role in supporting stablecoins.
He added that all types of assets can be tokenized, and these assets could be used to support stablecoins in the future. “You will have many options, not just the dollar,” he said.
In March, the World Liberty Financial (WLFI) project, backed by U.S. President Donald Trump, launched its stablecoin on the BNB Chain and Ethereum. However, the project stated that these tokens are not yet tradable.
Collins pointed out that Trump's backed project entering the stablecoin market means that stablecoins are now “fully accepted.” He believes that due to this initiative, everyone will get involved in stablecoins, including institutions, governments, and fintech companies.
He stated, “The U.S. president has launched a stablecoin. This is impressive. It sets the stage for similar actions in other parts of the world.”
Related: Mastercard partners with Circle and Paxos to advance merchant stablecoin payments.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
